GREIT08065 - Distributions: administration: quarterly returns
The company (principal company in the case of a Group REIT) is
required to make a return of the PID payments it has made in a
return period (regulation 4 SI 2006/2867). The arrangements for
these ‘relevant distributions’ are similar to those for
making returns of relevant payments by companies under Schedule 16
ICTA (detailed procedures for collection etc, of IT on relevant
payments are shown at AC4000 onwards). The same form CT61(Z) is
used to make returns of relevant distributions, and guidance on
that return form is at AC4100.
The return periods are:
- the accounting period itself if it starts and ends within a quarter
- the quarters ending on 31 March, 30 June, 30 September and 31 December (quarter days)
- any shorter period that
- starts at the beginning of an accounting period and ends with the first quarter day in that accounting period
- begins immediately after the last quarter day in an accounting period and ends on the last day of the accounting period.
The return must show the amount of PID paid in the period and
the amount of tax deducted from the payments.
If the company has made a mistake in a return, they are
required to submit an amended return showing the correct
information and to pay over any additional tax due – see
GREIT08120.
